Price for Knives; with Handles of Base Metal in Nigeria - 2023
Contents:
- Price for Knives; with Handles of Base Metal in Nigeria (CIF) - 2022
- Imports of Knives; with Handles of Base Metal in Nigeria
Price for Knives; with Handles of Base Metal in Nigeria (CIF) - 2022
In 2022, the average import price for knives; with handles of base metals amounted to $0.2 per unit, waning by -57.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 57%. Over the period under review, average import prices reached the peak figure at $1.3 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($0.7 per unit), while the price for China totaled $0.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+22.2%), while the prices for the other major suppliers experienced a decline.
Imports of Knives; with Handles of Base Metal in Nigeria
For the fourth consecutive year, Nigeria recorded growth in purchases abroad of knives; with handles of base metals, which increased by 311% to 5.3M units in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of knives; with handles of base metals skyrocketed to $1.1M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 121% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Knives; with Handles of Base Metal in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 171 | 510 | 380 | 969 | 78.3% |
| India | 29.3 | 60.9 | 72.1 | 45.2 | 15.5% |
| Others | 85.1 | 59.1 | 178 | 95.2 | 3.8% |
| Total | 286 | 630 | 630 | 1,109 | 57.1% |
Top Suppliers of Knives; with Handles of Base Metal to Nigeria in 2022:
- China (5.2M units)
- India (0.1M units)
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